Income tax query

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B.com
3025 Points Posted on 22 January 2021
how much amount capital sole proprietor introduced by through on cash mode in the business a in a day.
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On 22 January 2021 at 20:32 Report
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This discussion addresses how sole proprietors can introduce capital into their business. While cash introductions are possible, they are generally discouraged due to potential risks. The recommended approach is to introduce capital via cheque or online transfer directly from the proprietor's personal bank account to the business account. This method offers better traceability and is considered a safer practice.

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Chartered Accountant
86505 Points Posted on 22 January 2021
It depends on nature of business and past history of propreitor...
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On 22 January 2021 at 23:14
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17269 Points Posted on 23 January 2021
Always introduce by cheque or online transfer from individual account to proprietory bank account.
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On 23 January 2021 at 10:29

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